Syria commission says more than 300,000 may have gone missing since 1970s
The head of Syria's commission for missing persons said Monday the number of people who went missing during decades of...
Geostrategy
Hamas accepts new Gaza truce proposal from mediators Qatar and Egypt
"The movement has submitted its response, agreeing to the mediators' new proposal. We pray to God to extinguish the fire...
Geostrategy
After Iran deal, KSA in talks with Syria to resume consular services
Riyadh has been hinting at a rapprochement with Syria for weeks. It sent aid to both rebel-held and government-controlled parts...
- The report gave no timeline for the move, which would mark the latest Saudi step towards mending rifts with regional rivals
- Earlier this month, a Chinese-brokered deal was announced to restore diplomatic ties between Saudi Arabia and Iran
Business
Block stock down 22% as Hindenburg targets it for overstating user base
New York, United States -- Two months after accusing India's Adani Enterprises of fraud, US investment group Hindenburg Research launched...
- Block, founded by former Twitter boss Dorsey in 2009, used to be called Square before being renamed in late 2021.
- The tech company operates financial transactions, ranging from payments to merchants to payments between individuals.
Economy
IMF warns ‘inaction will leave Lebanon in never-ending crisis’
Lebanon and the IMF reached a conditional agreement in April 2022 on a $3-billion-dollar loan needed to save the country's...
- The IMF had conditioned the funds on unifying the country's plethora of exchange rates and a reformed bank secrecy law as well as restructuring the banking sector.
- Lebanon's meltdown has pushed most of the population into poverty while the political elite, widely blamed for the country's financial collapse, has failed to take action.
Geostrategy
Israeli parliamentarians adopt strict limits on removing PM
Israeli parliament approved legislation restricting grounds for declaring a premier unfit for office, a move the opposition has called a...
- Lawmakers voted 61 against 47 to approve an amendment to one of Israel's Basic Laws specifying the conditions to declare a prime minister unfit for office.
- The previous version of the law stated that a premier could be declared incapacitated, but did not specify on what grounds or the necessary steps.
Economy
Eco-friendly goods buck global downward trade slide: UNCTAD
Trade in such goods grew by around four percent in the second half of 2022, with their combined value hitting...
- Global trade surged to a record $32 trillion in 2022 before reversing course in the second half of the year amid deteriorating economic conditions and swelling uncertainties.
- UNCTAD said it expected green industries to boom further as countries scale up their efforts to cut emissions and battle global warming.
Business
Toshiba accepts $15bn buyout bid
The acceptance follows years of turmoil for the company.
- A consortium led by investment fund Japan Industrial Partners will be taking over Toshiba.
- Toshiba produces everything from rice cookers to medical equipment and nuclear plants.
Business
American celebrities Lindsay Lohan, Jake Paul charged for touting crypto
The charges come as part of a case targeting entrepreneur Justin Sun for manipulating crypto trading on his platform. The...
- The charges come as part of a case targeting Justin Sun for marketing Tronix and BitTorrent crypto assets without registering with the relevant authorities
- Without admitting or denying their guilt, Lindsay Lohan and Jake Paul agreed to pay $40,670 and $101,887 in restitution and fines respectively
Science
First 3D-printed rocket blasts off but fails to reach orbit
Billed as less costly to produce and fly, the unmanned Terran 1 rocket launched from Cape Canaveral, Florida at 11:25...
- While it failed to reach orbit, Wednesday's launch proved that the rocket -- whose mass is 85 percent 3D-printed -- could withstand the rigors of lift-off
- The successful launch came on the third attempt, It had originally been scheduled to launch on March 8 but was postponed at the last minute because of propellant temperature issues
Credit Suisse demise puts question mark over lucrative sponsorship deals
The Swiss national football team, the country's top football division, tennis great Roger Federer, golf star Sergio Garcia and Zurich's...
- Golf and equestrian events also relied on Credit Suisse money, as did the Swiss Sport Aid Foundation, which backs talented young athletes in minority sports
- Credit Suisse logo will stay on the national teams' training jackets and jerseys for as long as the bank exists, Swiss Football Association spokesman Adrian Arnold said
Geostrategy
Saudi, Iran foreign ministers hold Ramadan call, vow to meet ‘soon’
Reaffirming their resolve to implement a landmark bilateral reconciliation deal, the Saudi and Iranian foreign ministers spoke by phone to...
- The Saudi foreign ministry in a statement said the bilateral meeting to be held soon would pave the way for the reopening of embassies and consulates
- The reconciliation between Saudi Arabia and Iran has the potential to reshape relations across the region hit by turbulence for decades
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Revenue from Saudi cinema may exceed $1bn by 2030KSA, UAE play well as e-gaming trends across GCCExclusive: Middle East’s retail sector rides on AR and hybrid shopping to become $600bn digital economyTECOM Group profit soars 13%UAE startups eye Saudi Arabia for growth, expansionSaudi Arabia leads GCC AI healthcare raceDisparity remains as Saudis, Emiratis see wealth gains
Syria commission says more than 300,000 may have gone missing since 1970s
The head of Syria's commission for missing persons said Monday the number of people who went missing during decades of...
Geostrategy
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Geopolitical tensions boost oil, weigh on equities
Market Report
Putin expects Türkiye’s Erdogan to attend BRICS summit in Russia
Russian President Vladimir Putin said Wednesday he expected his Turkish counterpart Recep Tayyip Erdogan to attend a BRICS summit in...
HRW says Israeli strikes on Lebanon putting civilians ‘at grave risk’
United Nations "member states should take urgent action to establish an independent inquiry into violations during the current hostilities", said...
Geostrategy
Biden warns at UN against ‘full-scale war’ over Lebanon
Biden also pushed again for an elusive ceasefire between Israel and Hamas, telling the global body it was time to...
Geostrategy
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Business
UAE’s e& bends to European Union foreign subsidy rules
Brussels, Belgium -- The European Commission gave the green light Tuesday for an Emirati group to acquire the assets of a...
- The European Commission approved Emirates Telecommunications' acquisition of PPF Telecom's assets after securing concessions to avoid competition distortion.
- The deal, scrutinized under new EU rules on foreign subsidies, ensures fair competition by limiting future state aid and financing in the EU.
Geostrategy
UN chief warns Lebanon on ‘brink’ as world leaders gather
Top United Nations officials have expressed deep concerns over the violent Lebanon-Israeli situation that has resulted in the deaths of...
- Lebanese authorities say Israeli strikes killed 558 people - 50 of them children
- "Lebanon is at the brink," UN Secretary-General said
Lebanon flights suspended as Hezbollah-Israel tensions continue to spiral out of control
Major airlines such as Emirates, Qatar Airways and Air France have suspended growing numbers of flights to Lebanon as tensions...
- United Arab Emirates-based Emirates announced the temporary suspension of its flights to Beirut
- Air France on Tuesday extended the suspension of its Beirut flights until October 1